Cause

Cause. Any termination of a Participant's employment because of any of the following events: (i) any act or failure to act by the Participant involving fraud, theft or embezzlement; (ii) the willful and continued failure of the Participant to (A) perform substantially the Participant's duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness) or (B) the Participant's failure to follow the directions of an officer of the Company to whom such... Participant reports or of the Board of Directors; (iii) the willful engagement by the Participant in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company; or (iv) the Participant's conviction of (or a plea of nolo contendere to) a crime that constitutes a felony or other crime involving moral turpitude, in either case within the meaning of applicable law View More

Cause. Shall mean a Separation from Service that arises from the Executive's gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, and willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order.

Cause. Shall mean a Separation from Service due to the Executive's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, and willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. The basis for determining whether Cause exists shall not be deemed to include any impact on the Company's or the Bank's business, properties,... assets, liabilities, results of operations, financial condition or business from (1) changes in thrift, banking and similar laws of general applicability or interpretations thereof by courts or governmental authorities, or other changes affecting depository institutions generally, including changes in general economic conditions and changes in prevailing interest and deposit rates, (2) changes in GAAP or regulatory accounting requirements applicable to thrifts, banks and their holding companies generally, or (3) changes in national or international political or social conditions including the engagement by the United States in hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack upon or within the United States, or any of its territories, possessions or diplomatic or consular offices or upon any military installation, equipment or personnel in the United States. A determination of Cause shall require the affirmative vote of a majority of the members of the Board, acting in good faith with respect to such termination, and such vote shall not be made prior to the expiration of a 60-day period following the date on which the Board shall by written notice to the Executive, furnish him a statement of its grounds for proposing to make such determination, during which period the Executive shall be afforded a reasonable opportunity to make oral and written presentations to the members of the Board, and to be represented by his legal counsel at such presentations, or to refute the grounds for the proposed determination. View More

Cause. Shall have the meaning ascribed to such term in any written employment agreement between the Company or any Subsidiary of the Company and such Participant, or in the absence of any such written agreement, shall mean (a) the commission of a felony or any other act or omission involving dishonesty, disloyalty or fraud with respect to the Company or any of its Subsidiaries or any of their customers, suppliers or any other material business relations, or any other crime involving moral turpitude,... (b) conduct tending to bring the Company or any of its Subsidiaries into public disgrace or disrepute, (c) repeated failure or inability to perform duties and/or obligations as reasonably directed by the Board, senior executive officers or their respective designees, (d) gross negligence or willful misconduct with respect to the Company or any of its Subsidiaries, (e) any other material breach of any written agreement between the Company and such Participant evidencing the grant of any Option or the issuance of any Common Stock or any other written agreement between such Participant and the Company or any Subsidiary or (f) failure to comply in any material respect (including, without limitation, the Securities Act, the Securities Exchange Act of 1934, as amended, or any of the rules or regulations promulgated under any of the foregoing laws). View More

Cause. Termination based on (i) gross negligence, recklessness or malfeasance in the performance of Executive's duties; (ii) Executive committing any criminal act; (iii) Executive committing any act of fraud or other material misconduct resulting or intending to result directly or indirectly in gain or personal enrichment at the expense of Company; (iv) Executive willfully engaging in any conduct relating to the business of Company that could reasonably be expected to have a materially detrimental... effect on the business or financial condition of the Company; (v) misconduct which materially discredits or damages Company, or violates Company's policies or procedures, after Company has notified Executive of the actions Company deems to constitute non-compliance; (vi) Executive materially breaches Executive's obligations relating to confidential information, non-solicitation and non-competition. View More

Cause. With relationship to the termination of Your employment with UBL any of the following: A. Breach of Agreement. You breach a material provision of this Agreement and that breach remains uncured for (i) twenty (20) business days after written notice of the breach is given to You or such longer period as may reasonably be required to remedy the default, provided that You endeavor in good faith to remedy the default; or (ii) You breach a material provision of this Agreement and the breach is... incurable. B. Criminal conviction. You are convicted of (or plead nolo contendere to) (i) a felony (other than a traffic violation); (ii) a crime involving fraud, misappropriation, or embezzlement in connection with Your duties as an employee of UBL or its Affiliates or in the course of Your employment with UBL or its Affiliates; or (iii) any other crime which is reasonably likely to lead to negative publicity for or have a negative impact on UBL and its business. C. Disclosure of confidential information. You willfully and wrongfully disclose any trade secret or other confidential or proprietary information of UBL or any of its Affiliates, which has a material adverse impact on the company; D. Failure to perform. You wilfully and continually fail to substantially perform Your duties with UBL (excluding failure resulting from Your incapacity due to any physical or mental illness or injury, regardless of the cause of the illness or injury) for a period of ten (10) or more days after the Board of Directors or its designee has delivered a written notice to You demanding your performance and specifically identifying the manner in which the Board believes You have failed to substantially perform Your duties, unless the Board or its designee consent to a longer period of time for Your performance; or E. Malfeasance or gross misconduct. You engage in willful malfeasance or illegal or gross misconduct which is materially and demonstrably injurious to UBL. View More

Cause. Defined. "Cause" means () willful malfeasance or willful misconduct by ANDRES in connection with his employment; () ANDRES' gross negligence in performing any of his duties under this Agreement; () ANDRES' conviction of, or entry of a plea of guilty to, or entry of a plea of nolo contendere with respect to, any felony; (iv) ANDRES' habitual drunkenness or use or possession of illegal drugs while performing his duties under this Agreement or excessive absenteeism not related to illness; (v)... ANDRES' material breach of any written policy applicable to all employees adopted by the Corporation; or (vi) material breach by ANDRES of any of his agreements in this Agreement. View More

Cause. Employee's (a) conviction or plea of guilty or nolo contendere to any felony or crime involving moral turpitude or dishonesty; (b) participation in a fraud or embezzlement against the Company; (c) failure to substantially perform the material duties and obligations of employment, which failure continues uncured after written notice thereof by the Company and a reasonable opportunity to cure; or (d) material violation of a statutory duty Employee owes to the Company, which violation continues... uncured after written notice thereof by the Company and a reasonable opportunity to cure. View More

Cause. Shall, unless otherwise defined in an employment agreement between the Participant and the Company, be deemed to exist upon (i) the Participant's failure or refusal substantially to perform his duties to the full extent of his abilities for reasons other than death or disability, after written notice to the Participant of such failure or refusal providing the Participant 30 days to take corrective action, (ii) conviction of a felony crime, or commission of any act, the conviction for which... would be a felony conviction, (iii) theft or misappropriation of the Company's property, and (iv) knowingly making a material false written statement to the Company's Board of Directors regarding the affairs of the Company. View More

Cause. Shall have the meaning given to such term in the Plan.